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Alpha Natural Resources (ANR) Shrugs off Strong Dollar Inverse Correlation - Breaks Out
Friday, December 18, 2009 - 2:55pm | 444Some of the coal and steel names are trading in a parallel world right now... strong dollar be damned. Alpha Natural Resources (ANR), in parts of 2008 our largest position, has broken over the key level of $42.25ish and you can see the computers all recognizing the pattern and a feeding frenzy has...
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Top 5 Mid-Cap Stocks with Lowest Short Ratio (RX, TBH, TKS, MTA, PGH)
Friday, December 18, 2009 - 8:37am | 192Below are the top 5 mid-cap stocks on the NYSE and the NASDAQ in terms of lowest short ratio. The short ratio for IMS Health Inc (NYSE: RX) is 0.1. RX’s market capitalization is $3.74 billion. RX’s trailing-twelve-month operating margins are 515.63%. The short ratio for Brazilian Telecommunications...
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Company News for December 17, 2009 - Corporate Summary
Thursday, December 17, 2009 - 10:00am | 366• UBS (NYSE:UBS) began coverage of Bank of America (NYSE:BAC) with a "buy" rating after the company named Brian Moynihan as its new CEO • General Mills (NYSE:GIS) posted fiscal second quarter earnings of $1.54 a share, versus Zacks estimates of $1.45 a share on sales of $4.08 billion. Citing first...
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Barclays Bullish on General Electric (GE)
Thursday, December 17, 2009 - 9:49am | 153Robert T. Comell of Barclays Capital maintains his “1-Overweight” rating on General Electric Company (NYSE: GE)(FREE stock trend analysis), while raising earnings estimates for the company. The price target has been raised by $2 to $22. Based on GE Capital’s loss profile through 3Q09, Robert...
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It Is Time To Buy GE
Wednesday, December 16, 2009 - 5:07pm | 161Steve Grasso of Stuart Frankel said on CNBC's Fast Money that he is a buyer of General Electric Company (NYSE: GE)(FREE stock trend analysis). He made this call after Goldman Sachs (NYSE: GS)(FREE stock trend analysis) and JP Morgan (NYSE: JPM)(FREE stock trend analysis) raised their price targets...
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GE Expects Flat Performance In 2010
Wednesday, December 16, 2009 - 3:02pm | 148Analysts at Deutsche Bank maintain their "hold" rating on General Electric Co (NYSE: GE), while adjusting their estimates for the company. The target price for GE is set to $18. General Electric has announced many restructuring measures, as it is focusing on a substantial improvement in its...
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GE’s Long Term Earnings Potential Underappreciated
Wednesday, December 16, 2009 - 1:54pm | 148Analysts at JP Morgan maintain their "overweight" rating on General Electric Co (NYSE: GE). The target price for GE has been raised from $17 to $20. According to JP Morgan, General Electric’s 2009 performance is tracking inline with the consensus. The recent annual investor meeting suggests that...
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Hold General Electric (GE), Look Out For Positive Signs
Wednesday, December 16, 2009 - 1:36pm | 173Deutsche Bank (NYSE: DB)(FREE stock trend analysis) recommended “Hold” rating on General Electric (NYSE: GE)(FREE stock trend analysis) after the company’s CEO Jeff Immelt addressed the 2010 outlook meeting. As expected, the management focused on the transformation that is occurring within the GE...
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General Electric (GE) Is A Buy
Wednesday, December 16, 2009 - 1:02pm | 98Morgan Stanley (NYSE: MS)(FREE stock trend analysis) analysts believe that General Electric (NYSE: GE)(FREE stock trend analysis) may actually be a positive for the shareholders. The fund house has valued General Electric at $20 per share by ascribing a value of $16 for the industrial business and...
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“Worst Is Over,” says General Electric (GE) Chairman
Wednesday, December 16, 2009 - 10:36am | 125According to the Wall Street Journal, the General Electric (NYSE: GE)(FREE stock trend analysis) Chairman, Jeff Immelt, said that the company’s outlook improved after it had played defensive for most of the last year. "I think you can think about the company being back on offense, doing what we do...
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Company News for December 16, 2009 - Corporate Summary
Wednesday, December 16, 2009 - 10:35am | 284• General Electric (NYSE:GE) told investors the "worst is over" for its finance unit, even as Chairman and CEO Immelt forecast next year's revenues and earnings are likely to match this year's • Best Buy (NYSE:BBY) was downgraded to "sell" from "buy," reflecting the third quarter earnings numbers...
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General Electric Co (GE) Sees Flat 2010, to Invest in Core Businesses
Wednesday, December 16, 2009 - 9:02am | 103General Electric Co (NYSE: GE)(FREE stock trend analysis) expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment. General Electric Company (GE)(FREE stock trend analysis) is a...
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Deutsche Bank Recommends 3M (MMM) With A Price Target Of $90
Tuesday, December 15, 2009 - 1:22pm | 66Deutsche Bank has given a Buy recommendation for 3M Company (NYSE: MMM) with a price target of $90. The stock is trading at $81.91 and Deutsche Bank attributed the recommendation to 3M’s re-energized innovation pipeline which is driving a bullish long-term forecast of 7-8% sales growth and low-...
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Top 5 Small-Cap Stocks with Highest Cash Per Share (IBKR, FRE, MF, SEB, PNSN)
Monday, December 14, 2009 - 3:30pm | 236Below are the top 5 small-cap stocks on the NYSE and the NASDAQ in terms of the highest cash per share. Interactive Brokers Group Inc (NASDAQ: IBKR)(FREE stock trend analysis) has cash per share of $567.33. IBKR’s market capitalization is $710.3 million. IBKR’s shares have fallen by 4.78% over the...
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Growth To Accelerate In 3M In The Long Term
Monday, December 14, 2009 - 3:18pm | 148Analysts at Jefferies & Co maintain their "buy" rating on 3M Company (NYSE: MMM). The target price for MMM is set to $95. According to Jefferies & Co, the company’s near-term trends look robust. 3M is likely to meet or beat the Q4 estimates, the analysts say. MMM has announced that it...